Northern Territory mulls raising taxes on bookmakers

The Northern Territory is considering raising taxes on bookmakers back to a higher level.

The 12 corporate bookmakers based in the territory paid A$2.35 million ($2.15 million) in tax on A$469.2 million in profit and A$5.8 billion in turnover during the 2011-12 fiscal year. Business Department Gambling and Licensing senior director Karen Avery told the NT News that the state was also considering a 10 percent community benefit levy on gambling machines as part of a review of all gambling licenses. The territory replaced its tax on bookmakers’ turnover with a tax on gross profits capped at A$250,000 per payer in 2010 after Tasmania slashed its tax rate.